Throughout 2012, the high-yield municipal bond sector has attracted strong fund inflows that have helped the sector outperform high-grade municipals and most taxable bond market sectors as well.

We used Interactive Data’s evaluated bid price and yield information to examine the performance of eight distinct categories of high-yield municipal bonds from March 21, 2012 through September 21, 2012. Because many high-yield municipal bonds trade infrequently, independent fixed income evaluations (which are updated daily based on current market observations) can provide a broader picture of pricing trends in this sector as opposed to the last trade prices.

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